22,548 Shares in V.F. Corporation (NYSE:VFC) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in V.F. Corporation (NYSE:VFC - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 22,548 shares of the textile maker's stock, valued at approximately $350,000.

A number of other hedge funds also recently bought and sold shares of VFC. Fiduciary Alliance LLC increased its stake in shares of V.F. by 16.4% during the first quarter. Fiduciary Alliance LLC now owns 298,596 shares of the textile maker's stock worth $4,634,000 after buying an additional 42,065 shares during the period. Rhumbline Advisers grew its holdings in V.F. by 11.0% during the 1st quarter. Rhumbline Advisers now owns 928,753 shares of the textile maker's stock worth $14,414,000 after acquiring an additional 92,174 shares in the last quarter. GAMMA Investing LLC grew its holdings in V.F. by 1,355.2% during the 1st quarter. GAMMA Investing LLC now owns 404,405 shares of the textile maker's stock worth $6,276,000 after acquiring an additional 376,615 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of V.F. by 5.8% in the 4th quarter. Segall Bryant & Hamill LLC now owns 3,874,781 shares of the textile maker's stock valued at $83,153,000 after purchasing an additional 211,440 shares during the last quarter. Institutional investors and hedge funds own 86.84% of the company's stock.

V.F. Price Performance

Shares of VFC opened at $11.43 on Thursday. The company has a debt-to-equity ratio of 2.30, a quick ratio of 0.80 and a current ratio of 1.40. V.F. Corporation has a fifty-two week low of $9.41 and a fifty-two week high of $29.02. The firm has a 50-day simple moving average of $12.46 and a 200-day simple moving average of $17.79. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -22.86, a price-to-earnings-growth ratio of 1.26 and a beta of 1.69.

V.F. (NYSE:VFC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The textile maker reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.01. V.F. had a positive return on equity of 20.14% and a negative net margin of 1.97%. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business earned ($0.32) EPS. The firm's revenue was down 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that V.F. Corporation will post 0.73 earnings per share for the current year.

V.F. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Tuesday, June 10th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, June 10th. V.F.'s dividend payout ratio (DPR) is presently -72.00%.

Insider Transactions at V.F.

In related news, Director Richard Carucci purchased 50,000 shares of the stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $12.05 per share, with a total value of $602,500.00. Following the purchase, the director now directly owns 280,282 shares in the company, valued at $3,377,398.10. This trade represents a 21.71% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bracken Darrell purchased 85,840 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $11.73 per share, with a total value of $1,006,903.20. Following the acquisition, the insider now directly owns 295,406 shares in the company, valued at approximately $3,465,112.38. This represents a 40.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders bought 185,840 shares of company stock worth $2,198,403. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

VFC has been the subject of several recent analyst reports. UBS Group lifted their price objective on shares of V.F. from $12.00 to $16.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Citigroup cut V.F. from a "buy" rating to a "neutral" rating and cut their price target for the company from $30.00 to $12.00 in a research note on Monday, April 7th. Barclays set a $16.00 price objective on V.F. and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. The Goldman Sachs Group dropped their price objective on V.F. from $25.00 to $12.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Finally, Truist Financial cut their target price on V.F. from $24.00 to $13.00 and set a "hold" rating on the stock in a research report on Thursday, May 22nd. Sixteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, V.F. has a consensus rating of "Hold" and an average target price of $16.21.

V.F. Profile

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.

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